RE: NAV3 Aug 2017 13:57
I think last Thursdays spike in volume was significant - in that I suspect someone, somewhere got wind that a deal is in the offing or already inked.
Now, this is where the conspiracy theorist within me goes into overdrive.
Who stands to benefit the most from a Barryroe farmout...LOGP obviously!
It's our only asset!
On release of this little gem - we will multibag - INSTANTLY!
The only issue is, we don't have much say in it. PVR hold all the cards.
Now, if the suntanned god from PVR has dragged himself away his luxury pool for long enough to get a deal signed - would he announce immediately?
If I were in his shoes, I would sit on the announcement, to either rescue my shareprice should their current drill prove to be a duster - or send it into the next galaxy if they do hit oil at Druid and or Dromberg....
To announce a Barry deal on the back of that would send PVR ballistic.
Whichever way you look at it, I think a deal has been agreed, but disclosure is being withheld......